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ETMarkets MF Analysis indicated that more than 15 mutual fund (MF) schemes reduced their holdings in 11 stocks in December 2024 compared to November 2024.

As of 30-Sep-2024, promoters held 46.68 per cent stake in the company, while FIIs held 21.5 per cent and domestic institutional investors had 16.89 per cent.

The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps, with expected earnings growth in FY26. Positive sectors include large private sector banks, technology, and selected consumer segments.

Axis Bank net profit for the reporting period is expected to grow 4% YoY, while net interest income (NII) could rise 9% YoY, according to estimates from five brokerages. However, earnings may be impacted by provisions, which analysts predict will more than double compared to the same period last year, weighing on overall performance.

A total of 7,630 shares changed hands on the counter till 02:04PM (IST).

A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment.

Shares of Adani Power surged 6% on BSE, reaching Rs 571.50, with significant trading volume spikes. The stock has shown recent gains but has declined over the past three and six months. It is trading above short and medium-term averages but below long-term averages, with an RSI around 55.

After robust growth in FY24, corporate earnings momentum has slowed in the last two quarters, with BSE500’s weighted average PAT growth dropping to single digits in Q2. Saurabh Mukherjea noted that this marks the beginning of an earnings slowdown cycle, which is expected to persist for some time, signalling caution for broader corporate performance ahead.

Infosys is expected to report revenue growth between 4.8% and 6.7% YoY in Q3FY25, with net profit likely to rise 5.4% to 12%. Brokerages attribute the sequential revenue decline to furloughs and currency headwinds. Investors should watch for updates on cost projects, banking verticals, and demand revival in developed markets.

A total of 9,956 shares changed hands on the counter till 12:47PM (IST)